On average, women around the world are expected to reach retirement with just 74% of the wealth accumulated by men, according to a study by WTW, the insurance and consulting firm also known as Willis Towers Watson.
The study, which included results from 39 countries, found that women in senior expert and leadership roles were found to have 62% of the accumulated wealth that their male counterparts enjoyed at retirement. For midlevel professional and technical roles, the gap was still substantial at 69%, but it narrowed considerably to 89% for frontline operational roles, WTW said in a release.
Globally, the U.S.’ gender wealth gap was just above the global average at 75%, while Canada performed slightly better at 78%. Nigeria has the highest gender wealth gap in the study at 60%, closely followed by Argentina at 61% and Mexico and Turkey, each at 63%.
Wealth managers highlight strategies for clients trying to retire before 65 without running out of money.
Shares of the online brokerage jumped as it reported a surge in trading, counting crypto transactions, though analysts remained largely unmoved.
President meets with ‘highly overrated globalist’ at the White House.
A new proposal could end the ban on promoting client reviews in states like California and Connecticut, giving state-registered advisors a level playing field with their SEC-registered peers.
Morningstar research data show improved retirement trajectories for self-directors and allocators placed in managed accounts.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
